Agenda - 12-01-2008 - 3c - Laserfiche WebLink

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60 increases} or below (for decreases) the Forecasted Carbon Price for such month; provided, however that the Flare Percentage for any month shall not be adjusted in a manner that results in the adjusted Flare Percentage equaling a percentage greater than 8.51% or less than 2.09%. For purposes of calculating adjustments under this Paragraph 123, the Flare Percentage shall reset each month to five and three-tenths percent (5.3%). For the avoidancet" }ambiguity and by way of ~~ ~` exam le only, if the Flare Percentage is adj "~~;d..,t.~; 2015 from five and p ~~``. three-tenths percent (5.3%) to six percent (6.0%), the Flare~Y~~ce tage shall reset ,,Y~.,. to five and three-tenths percent (5.3%) for purposes of ca1~i11ating any adjustments to the Flare Percentage for the month of February ZO15. 6'p '~t°c'~h,.. =~ .'1.ha. d. If there is a positive or n~~gati~ed~ffe~rence between the Average Allowance Market Price of an Emissions Carbon Price for such month, Percentage for such month shall ven month and the Forecasted adjustment to the Conversion The Conversion Percentage shall be or decreased by 1.12% for each whole dollar (rounded down to the nearest whal~,;;clollar) that the Average Allowance Market Price for such month is ~~x F~_ , ther above (~ mcreases) or below (for decreases) the Forecasted Carbon Price provided, however that the Conversion Percentage for any month ~~r =~' shall ne adjusted in a manner that results in the adjusted Conversion Percentage equaling a percentage greater than 26.68% or less than, 6.52%. For purposes of calculating adjustments under this Paragraph 123, the Conversion Percentage shall reset each month to sixteen and six-tenths percent (16.6%). For the avoidance of ambiguity and by way of example only, if the Conversion 37 {00018638.DOC 16}